In a twist that set social media buzzing, Dr. Anirudha Malpani dropped a bombshell – claiming Zerodha stopped him from withdrawing his own money. Despite having over Rs 18 crores in his Demat account, the platform allegedly capped his withdrawal at Rs 5 crores a day. Calling it a “scam,” his post struck a chord with investors nationwide. What followed was an internet storm prompting Nithin Kamath to respond.
Dr. Malpani calls out Zerodha over withdrawal limit, shares screenshot online
In a story that grabbed the attention of India’s trading community, Mumbai-based investor and IVF specialist Dr. Anirudh Malpani accused online brokerage giant Zerodha of blocking his attempt to withdraw money from his own account.
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Despite having a whopping withdrawal balance of over Rs 18 crore, Dr. Malpani claimed that Zerodha only allowed him to take out Rs 5 crore per day – a move he labelled a “scam.”
Dr. Malpani, who also runs Malpani Ventures, didn’t hold back. He shared screenshots from his Zerodha account revealing an account value of Rs 42.92 crore, a used margin of Rs 24.46 crore, and a withdrawable balance of Rs 18.46 crore. Alongside the images, his tweet read,
“The Zerodha scam! They don’t allow me to withdraw my own money from their account saying the daily limit for withdrawal is Rs 5 crores. They use my money for free.”
He even tagged Zerodha’s official handle and co-founder Nikhil Kamath, calling the situation “unfair.”
To back his claim, Dr. Malpani attached multiple screenshots from the platform. One of them showed Zerodha’s explanation for the withdrawal cap, which stated,
“A maximum of Rs 5 crore can be withdrawn per day. For instant withdrawals, the request must be between Rs 100 and Rs 2,00,000 per day. The withdrawal limit is subject to the availability of a withdrawal balance in the trading account.”
Soon after, his post spread like wildfire, sparking a heated debate among traders and investors online.
Have a look at the whole tweet
The Zerodha scam !
They don’t allow me to withdraw my own money from their account ,saying the daily limit for withdrawal is Rs 5 crores . They use my money for free !@zerodhaonline
This is unfair @nikhilkamathcio pic.twitter.com/QgEborsDxP— Dr Aniruddha Malpani, MD (@malpani) November 3, 2025
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Zerodha co-founder Nithin Kamath breaks silence after Dr. Malpani’s Rs 18 crore claim
After Dr. Anirudh Malpani’s explosive post accusing Zerodha of restricting his fund withdrawals went viral, the company’s support team quickly stepped in to clarify the situation. They responded to his post, explaining that any withdrawal request exceeding Rs 5 crore could be processed by raising a support ticket through their official help portal. The team assured that this was part of their standard process for handling large transactions securely.
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Have a look,
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Hi Aniruddha, you can withdraw an amount greater than Rs. 5 crores by creating a ticket here: https://t.co/fzZhDCxmUr
Please create a ticket from the above link and DM us the ticket number. We’ll get this processed.https://t.co/aWeJ1E2uXI
— Zerodha (@zerodhaonline) November 3, 2025
Dr. Malpani, however, was quick to reply that he had already done so. To back his claim, he even shared a screenshot showing that his support ticket had been submitted.
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Check it out,
Have already created a ticket ! Please expedite your reply pic.twitter.com/dDNgzwNPCd
— Dr Aniruddha Malpani, MD (@malpani) November 3, 2025
Acknowledging his response, Zerodha’s team confirmed that his request was under review and would be addressed shortly.
Soon after, Zerodha co-founder Nithin Kamath himself joined the conversation, offering a calm and detailed explanation. He wrote,
“Hi Doctor, your payment requests were processed yesterday. We need to ensure, for the sake of our system’s sanity—like all other financial services firms—that we have some checks in place when clients withdraw funds. As you can imagine, numerous potential issues can arise during the withdrawal process and once funds are paid out, there’s no way for us to recover them. Hence, Rs 5 crore is the threshold at which we ask customers to create tickets to withdraw.”
Kamath further clarified that the Rs 5 crore limit wasn’t a glitch or a scam but a security threshold. He emphasized that beyond this amount, customers are required to create a ticket to initiate withdrawals – a measure designed to protect both the firm and its clients from potential systematic risks.
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Check it out,
Hi Dr, your payout requests were processed yesterday. We need to ensure, for the sake of our systems’ sanity (like all other financial services firms), that we have some checks in place when clients withdraw funds
As you can imagine, numerous potential issues can arise during… https://t.co/dfrj56Hyxi pic.twitter.com/8hhCW0DRFO
— Nithin Kamath (@Nithin0dha) November 4, 2025
His clarification brought some calm to the storm.
Experts and even netizens back Zerodha, call withdrawal limits a safety measure
Experts and even netizens soon joined the discussion, backing Zerodha’s withdrawal policy as a necessary safety measure rather than a scam. Many argued that such limits exist across all financial systems to prevent fraud and protect investors from potential risks. They emphasized that withdrawal caps are standard security checks, not red flags.
Have a look at some of the tweets backing Zerodha,
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It isnt a scam. I would rather deal with a broker who has controls like these and prevents actual scams of someone cleaning up my account in a day!! There is a way to increase this limit. But, NO… everything single things has to be called a “scam”!!! There is a reason why Banks… https://t.co/6WWIfvYwbH
— Ajay Rotti (@ajayrotti) November 3, 2025
That’s mighty responsive Nitin, great to see this ! Restores my faith in Zerodha.
I think @malpani should take back his words, calling it a scam !
Also @Nithin0dha It brings to focus that Zerodha treats UHNI & normal accounts the same, maybe there is scope for creation of a…
— Sanjay Lazar (@sjlazars) November 4, 2025
Nithin. In a landscape where cyber frauds cost India ₹1.25L Cr annually (per RBI data), these automated thresholds are non-negotiable for AML compliance under PMLA 2002.
Kudos for processing Dr. Malpani’s requests swiftly perhaps AI-driven pre-verification could streamline…
— Godwin Paul Pinto (@GodwinPaulPinto) November 4, 2025
You are doing the right thing imo..I would be even more pissed if there is a financial fraud that happens and there was no other safety measures in place. @malpani
— SSV (@ssv_blr) November 4, 2025
Fair enough, Nithin. Systems need sanity – especially when the markets often don’t 😄.
Transparency like this builds more trust than any ad campaign ever could.— Ashish Kumar Meher (@AshishMeher7) November 4, 2025
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As a customer, I feel it’s a safe, valid and thoughtful approach in implementation and don’t want to see any changes in the process here
— crazy (@crazy_trek) November 4, 2025
What are your thoughts on this clash between Dr. Malpani and Zerodha? Do you think the withdrawal cap is fair or too restrictive? Share your views in the comments below.
